XRP finally joined the party with a typical Ripple spike. As you probably know, it often lags due to large supply. And it often retraces all of its gains also due to supply.
Will this time be different? Could it be the awakening? Can demand outstrip supply?
This is quick plot to map possible support zones. .457 - .459 looks like a great entry for bullish continuation. .444 - .447 would be a low risk entry with tight stop loss. .435 - .439 will be Bulls' Last Stand to preserve uptrend.
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Currently in Play:
Recent Achievements: (caught the EXACT bottom) (caught the EXACT top) (great entry, massive profits) (instant Profits, no drawdown) (massive Profits, breakout entry) (massive Profits, short wait) (massive Profits, instant Win) (PERFECT targets, massive profits) (Top warning JUST in time) (Top warning EXACTLY in time)
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Decent bounce off first support but is still fighting the red Fib pushing down
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Now are at the second support
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Gorgeous Ping now lets see if it holds, and then it has to make sure the previous support does not become resistance now.
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XRP with a nice bounce off 2nd support, bulls can not let 1st support become resistance now
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Nice, might have flipped resistance into support that two nice support zones well confirmed now (at least until next crash) ... Lets see how it goes from here but looking better than it has a long time ....